Cousins Announces New Leases at One Ninety One Peachtree

Tag : Square Wire

ATLANTA, Jul 25, 2008 (BUSINESS WIRE) ----Cousins PropertiesIncorporated (NYSE: CUZ) announced today it has signed new orexpanded leases totaling more than 75,000 square feet at One NinetyOne Peachtree Tower, a landmark 1.2-million-square-foot officebuilding in downtown Atlanta. Deloitte, which signed a260,000-square-foot renewal and expansion at One Ninety One earlierthis year, has leased two additional floors totaling approximately52,000 square feet. In addition, Atlanta-based Winter Constructionhas signed at the building, leasing a full floor totalingapproximately 25,000 square feet.
Winter is relocating to One Ninety One from 1330 Spring Street inMidtown, joining Cooper Carry, Ogletree Deakins, Grey Global andother companies who have moved downtown to One Ninety One fromMidtown or Buckhead.
"Winter and Deloitte are great companies that we've been fortunateto have long-term relationships with and we thank them for theircommitments to One Ninety One," said Tom Bell, Chairman and CEO ofCousins. "Even as the economy has become more challenging, we arepleased to see good leasing momentum at One Ninety One and remainconfident that companies will continue to see the benefits ofdowntown Atlanta."
Don Finkelstein of Finkelstein Associates represented Deloitte andRichard Bowers and Jim Davenport of Richard Bowers & Co.represented Winter in the transactions.
Since acquiring One Ninety One, Cousins has now signed more than765,000 square feet in new leases to tenants including Il Mulino,Synergy Workplaces, HOK Group, Atlanta Equity Investors, Harold A.Dawson Company, Morgan & Morgan, Grey Global, Cooper Carry,Ogletree, Deakins, Nash, Smoak & Stewart P.C., Merchant &Gould, Fields, Howell, Athans & McLaughlin and CousinsProperties.
Celebrating its 50th anniversary in 2008, Cousins PropertiesIncorporated is a leading diversified real estate company withextensive experience in development, acquisition, financing,management and leasing. Based in Atlanta, the Company activelyinvests in office, multi-family, retail, industrial and landdevelopment projects. Since its founding, Cousins has developed 20million square feet of office space, 20 million square feet ofretail space, more than 4,000 multi-family units and more than 60single-family neighborhoods. The Company is a fully integratedequity real estate investment trust (REIT) and trades on the NewYork Stock Exchange under the symbol CUZ. For more, please visitwww.cousinsproperties.com.
Certain matters discussed in this news release are forward-lookingstatements within the meaning of the federal securities laws andare subject to uncertainties and risks, including, but not limitedto, general and local economic conditions, local real estateconditions (including the overall condition of the residentialmarket), the activity of others developing competitive projects,the risks associated with development projects (such as delay, costoverruns and leasing/sales risk of new properties), the cyclicalnature of the real estate industry, the financial condition ofexisting tenants, interest rates, the Company's ability to obtainfavorable financing or zoning, environmental matters, the effectsof terrorism, the ability of the Company to close properties undercontract and other risks detailed from time to time in theCompany's filings with the Securities and Exchange Commission,including the Company's Annual Report on Form 10-K for the yearended December 31, 2007. The words "believes", "expects","anticipates", "estimates" and similar expressions are intended toidentify forward-looking statements. Although the Company believesthat its plans, intentions and expectations reflected in anyforward-looking statement are reasonable, the Company can give noassurance that these plans, intentions or expectations will beachieved. Such forward-looking statements are based on currentexpectations and speak as of the date of such statements. TheCompany undertakes no obligation to publicly update or revise anyforward-looking statement, whether as a result of future events,new information or otherwise.
SOURCE: Cousins Properties Incorporated